A data analyst is working for a shipping company and calculating the volume of boxes according to the following formula: volume = height × width × depth. Which of the following variable types describes volume?
Correct Answer: A
Comprehensive and Detailed In-Depth Explanation:
In data analysis, understanding variable types is crucial for accurate data manipulation and interpretation.
* Derived Variable: This is a variable created through a mathematical operation on other variables. In this scenario, 'volume' is calculated by multiplying height, width, and depth, making it a derived variable.
* Normalized Variable: Normalization involves adjusting values measured on different scales to a common scale, often used in statistical analysis to compare data. This is not applicable to the calculation of volume in this context.
* Concatenated Variable: Concatenation refers to linking together two or more strings or character data types. Since volume is a numerical value resulting from multiplication, it is not concatenated.
* Aggregated Variable: Aggregation involves summarizing data, such as calculating the sum or average of a dataset. While volume is a result of a calculation, it is not an aggregation of multiple data points but rather a product of specific dimensions.
Therefore, 'volume' in this context is best described as a derived variable, as it is computed from the multiplication of height, width, and depth.